138
Consolidated Financial Statements
Consolidated Cash Flow Statements
for the years ending on 31
st
December 2012 and 2011
(values in euros)
Years ending on December 31
Note
2012
2011
Cash Flows from Operating Activities
Flows from operating activities (1)
30
14,761,960
19,171,328
Cash Flows from Investment Activities
Receipts from:
Financial investments
0
Tangible fixed assets
103,726
19,323
Intangible assets
0
Investment benefits
Interest received
1,031,755
1,290,661
Dividends received
Other
Payments for:
Financial Investments
765,000
114,151
Tangible fixed assets
9,290,231
10,827,055
Intangible assests
1,501,991
751,007
Other
Flows from investment activities (2)
-10,421,741
-10,382,228
Cash flows from financing activities
Receipts from:
Loans obtained
6,841,300
11,853,898
Sale of own shares
Other
